Bitcoin Watch – Keep an eye on the cryptocurrency taking the world by storm

At the beginning of 2017, the highly volatile Bitcoin was valued at just below USD1,000, however recently it has skyrocketed well into the teens at a high of over USD19,000.

Latest Bitcoin news:

Federal Reserve Chair Janet Yellen called the digital currency bitcoin a “highly speculative asset” that “doesn’t constitute legal tender” (AFR, 14-Dec-2017). As Blue Swan Daily reported Reserve Bank of Australia governor Philip Lowe describe the currency as ‘speculative mania’.

“Bitcoin at this time plays a very small role in the payment system,” Yellen said at a Washington news conference, appearing to downplay its ability to affect wider financial markets. She added that bitcoin is “not a stable store of value.”

Stay updated here with how the cryptocurrency is tracking: